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Does the Argentine financial system reduce or amplify the labor market’s gender gap?

Author

Listed:
  • Laura Muriel Cuccaro

    (Central Bank of Argentina)

  • Máximo Sangiácomo

    (Central Bank of Argentina)

  • Lucía Tumini

    (Economic Commission for Latin America and the Caribbean (ECLAC))

  • Ariel Wilkis

    (National University of San Martín (UDAES – UNSAM), Argentina; CONICET, Argentina)

Abstract

The COVID-19 crisis has had a differential impact on women and has deepened the structural problems to achieve their economic autonomy, such as limited access to the formal financial system and excess indebtedness. The purpose of this study is to generate knowledge about access to financing and debt management for women compared to men and to investigate whether or not the Argentine financial system contributes to widening the gender gaps originated in the labor market. For people with formal credit and with formal employments, the econometric results indicate that the differences in access to financing are explained to a large extent, although not exclusively, by the unfavorable labor insertion of women compared to men. At the same time, the study finds robust evidence that women have a lower rate of irregularity in credit payments.

Suggested Citation

  • Laura Muriel Cuccaro & Máximo Sangiácomo & Lucía Tumini & Ariel Wilkis, 2023. "Does the Argentine financial system reduce or amplify the labor market’s gender gap?," Ensayos Económicos, Central Bank of Argentina, Economic Research Department, vol. 1(82), pages 52-76, November.
    • Handle: RePEc:bcr:ensayo:v:1:y:2023:i:82:p:52-76
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    credit; financial inclusion; gender; personal finances; monetary policy;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • G5 - Financial Economics - - Household Finance
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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